With BRRRR, you can build equity by purchasing, rehabbing, and renting out a property, then refinance to pull out the cash and reinvest into more deals!

This way, their bookkeeping records show something we can refine later.This method is never used for their taxes though!

Cash-out refinance: this is a little painful with current interest rates3.

Looks like low leverage at the time, but no refinances? 

**Refinance with Cash-Out Options**: If your property has enough equity, you could consider refinancing with a cash-out option to fund the renovations.

My strategy has always been to buy in the right market cycle, renovate for value-add, rent, and refinance to release equity.

My plan is to re-finance the existing home and hold it, for now, as a long-term rental – even if the rental income is below my monthly payment.

You may have better luck with a cash out refinance, which would allow you to pull equity from the property by replacing the existing mortgage with a new one.

Have the term be for a 10 year balloon or so, and refinance it then.

Hi, I could use a Pros' advice.I'm looking to get an FHA Loan on my first property and buy a duplex, triplex or 4-plex with the 203k construction loan to renovate.Can I still refinance after I get renters in with the FHA loan?